- Sales at constant exchange rates grew by 1%, below the estimate of 1.27%.
- Europe revenue at constant exchange rates increased by 5%, slightly surpassing the estimate of 4.83%.
- Americas revenue at constant exchange rates grew by 10%, beating the estimate of 8.21%.
- Asia Pacific revenue at constant exchange rates dropped by 18%, worse than the estimate of a 15.1% decline.
- Middle East and Africa revenue at constant exchange rates rose by 8%, significantly missing the estimate of 18.3%.
- Japan revenue at constant exchange rates soared by 59%, far exceeding the estimate of 34.4%.
- Retail sales at constant exchange rates were up by 2%, slightly below the estimate of 2.5%.
- Online retail sales at constant exchange rates increased by 6%, well above the estimate of a 1.31% decline.
- Wholesale & royalty income sales at constant exchange rates fell by 5%, marginally under the estimate of a 4.49% decline.
- Jewellery Maisons sales at constant exchange rates grew by 4%, better than the estimate of 2.04%.
- Specialist Watchmakers sales at constant exchange rates declined by 13%, significantly below the estimate of a 3.84% decline.
- Other sales at constant exchange rates increased by 6%, surpassing the estimate of 0.56%.
- Total sales were EU5.27 billion, slightly down by 1% year-over-year, and just under the estimate of EU5.28 billion.
- Europe sales were EU1.17 billion, missing the estimate of EU1.19 billion.
- Asia Pacific sales were EU1.81 billion, below the estimate of EU1.95 billion.
- Americas sales were EU1.22 billion, just above the estimate of EU1.2 billion.
- Japan sales were EU603 million, far above the estimate of EU506.5 million.
- Middle East and Africa revenue was EU470 million, missing the estimate of EU482.4 million.
- Retail sales were EU3.63 billion, under the estimate of EU3.71 billion.
- Online sales were EU315 million, exceeding the estimate of EU300.9 million.
- Wholesale & royalty income was EU1.32 billion, just below the estimate of EU1.34 billion.
- Jewellery Maisons sales were EU3.66 billion, better than the estimate of EU3.63 billion.
- Specialist Watchmakers sales were EU911 million, under the estimate of EU1.01 billion.
- Other sales were EU701 million, above the estimate of EU660.1 million.
- Analyst ratings include 19 buys, 13 holds, and 1 sell.
A look at Cie Financiere Richemont Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Compagnie Financiere Richemont SA, a luxury goods manufacturer and retailer, is poised for a positive long-term outlook based on its Smartkarma Smart Scores. The company received strong scores across various factors, with a Growth score of 4 indicating promising prospects for expansion and development. Additionally, Richemont scored well in Resilience and Momentum, highlighting its ability to withstand challenges and maintain a strong market position.
While the Value and Dividend scores for Richemont are moderate at 3, the overall outlook for the company appears favorable, supported by its strong performance in key areas. With a diverse portfolio of luxury items and a global customer base, Compagnie Financiere Richemont is well-positioned for continued growth and success in the luxury goods market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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